So in summary:
Approx
Cash $18m
Breitburn shares worth $42m
Annualised dividend $5.1m (roughly still takes care of note payments)
No debt
Conv Notes $52m
Market Cap $44m
EV minus $8m (with $52m Notes paid/purchased)
Circa 23,000 gross Permian acreage free (Could be worth US$140-230m).
Add to My Watchlist
What is My Watchlist?